Shares in Tata Motors, which is also the owner of British automobile maker Jaguar Land Rover, dropped over 5 percent in early trade on Tuesday after the automaker’s quarterly revenue missed on estimates. The outcomes, out late on Monday, were launched amidst a tussle in between Tata group holding business Tata Sons and its previous

Tata Motors safeguarded its method for producing the $1,500 Nano Although Tata Motors avoided talking about the loss-making automobile’s future, after the corporation’s ousted chairman stated there were emotional factors for not closing down production. Automaker provided the declaration to the stock market late Friday after an internal letter by ousted chairman Cyrus Mistry stated

Tata Sons has put a new management group in place for the $100 billion steel-to-software group, sometime after its board ousted Chairman Cyrus Mistry and dissolved his advisory council, activating a public spat between him and Ratan Tata. Ratan Tata, head of the Tata group who is momentarily back at the helm as interim chairman,

Ratan Tata might have discarded Cyrus Mistry as chairman of his 148-year-old household empire, however will discover it more difficult to expunge the ex-manager’s allegations that his acquisitive practices and absence of focus on returns have actually damaged billions of dollars in investor worth. Tata Sons turned down the allegations of Mistry as unwarranted. Mistry

Tata Sons alleged its previous chairman, Cyrus Mistry, of making unverified claims and malicious accusations against the Indian corporation as the gloves came off in a bitter and extremely public row over his sacking previously this week. The acrimonious exchanges have triggered aids to Prime Minister Narendra Modi to prompt restraint in a conflict that

Group business in Indian salt-to-software corporation Tata Sons deal with prospective combined writedowns of near $18 billion due to bad financial investments, as per an internal letter sent out by ousted chairman Cyrus Mistry to the Tata board. The board has actually not stated openly why it got rid of Mistry from the post late

The surprise elimination of Tata Sons’ chairman Cyrus Mistry and his advisory group, and the momentary return of household patriarch Ratan Tata, might sidetrack the salt-to-software corporation from its efforts to cut financial debt and improve a few of its businesses. The conference room coup, revealed late on Monday, sent out shares in a few

Shares in India’s Tata Group companies decreased on Tuesday morning after the group stated Ratan Tata will take over as interim chairman of Tata Sons following the board ousted Cyrus Mistry late on Monday. At 0400 GMT, shares in Tata Consultancy Services were dropped 0.7 pct, Tata Motors dipped 0.5 pct, Tata Steel moved 2.5